Oracle Corporation (NYSE:ORCL) will release earnings for its fourth quarter after the closing bell on Wednesday, June 10.

Analysts expect the company to report quarterly earnings of $1.96 per share, up from $1.70 per share in the year-ago period. The consensus estimate for Oracle's quarterly revenue is $19.09 billion (it reported $15.9 billion last year), according to Benzinga Pro.

Ahead of quarterly earnings, TD Cowen analyst Derrick Wood maintained Oracle at Buy and raised the price target from $250 to $300, while Oppenheimer analyst Brian Schwartz raised the price target from $235 to $275. Evercore ISI Group analyst Kirk Materne maintained Oracle with an Outperform rating and raised the price target from $220 to $245.

With the recent buzz around Oracle, some investors may be eyeing potential gains from the company's dividends too. As of now, Oracle has an annual dividend yield of 0.94%, which is a quarterly dividend amount of 50 cents per share ($2.00 a year).  

So, how can investors use its dividend yield to pocket a regular $500 per month?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $635,460 or around 3,000 shares. For a more modest $100 per month or $1,200 per year, you would need $127,092 or around 600 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.00 in this case). So, $6,000 / $2.00 = 3,000 ($500 per month), and $1,200 / $2.00 = 600 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

ORCL Price Action: Shares of Oracle fell 0.9% to close at $211.82 on Monday.

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